I have a 92 chris craft 5.7 omc, when testing/adjusting new carb I discovered water spitting out pcv hose into flame arrestor which seemed to be the reason for the engine to bog down when throtteling up. Next the boat would not stay running long enough to get into gear, so after the carb would not restart so I waited an hour, then it started up fine and it ran great at full throttle for about 45 mins when I realized the new noise I was hearing was the lower unit losing the upper gears! I have "mayonaise" water in the oil under the valve cover but do not seem to have oil on the dipstick, any suggestions?